Debasis Mohapatra
Bengaluru, 13 March 2026
Infrastructure major, L&T may see minimal operational disruption owing to the ongoing Middle East conflict.
According to market intelligence platform, TrendLyne though operational disruption may be minimal but the conflict, if lingers, may pose execution and supply chain risks in the medium-term.
Notably, L&T doesn’t have exposure to direct conflicting nations- Israel and Iran. It has concentrated activities in GCC (Gulf Cooperation Council) nations.
Saudi Arabia is the largest international market of L&T with the company being the lead contractor for Saudi Vision 2030 projects. It is executing projects in the space of power transmission, solar energy & hydrocarbons.
Apart from Saudi Arabia, the company has good presence in UAE, Qatar and Kuwait.
TrendLyne noted that the possibility of direct asset loss or project cancellations is less. However, the company has to factor in potential delays in project execution, rising insurance & freight costs due to Red Sea instability, and cautiousness towards floating new tenders in the region.
Total order book of L&T stood at Rs 5.79 lakh crore in FY25 out of which 35% to 38% came from Middle East region. In revenue term, Middle East region accounts for around 22% of total group revenues.
However, surging oil prices may indirectly help L&T as its key clients like Aramco, ADNOC will see earnings boost, leading to higher capex outlay in the future, the platform said.
L&T share price was trading 4.4% down at Rs 3,555.50 (at 12.05 PM IST) in the NSE on Friday.
